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Financial Advisory Services & Training Financial Services Department www.finance.utoronto.ca/fast Work Instruction Using Alternate Payee Address FB60, MIRO When to Use this procedure to re-direct
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How to fill out using alternate payee address:

01
Begin by accessing the appropriate form or document that requires the inclusion of an alternate payee address. This could be a financial or legal form, such as a check or a legal agreement.
02
Locate the section or field that prompts for the alternate payee address. It may be labeled as "Alternate Payee Address," "Alternate Address," or similar.
03
Enter the alternate payee's complete address in the designated field. Make sure to include all necessary details, such as the street address, city, state, and zip code.
04
Double-check the accuracy of the entered information to avoid any potential errors or delays. Verify that the address is correct and properly formatted.
05
Save or submit the form once the alternate payee address has been entered correctly. Follow any additional instructions or procedures specific to the document or system you are using.

Who needs using alternate payee address:

01
Individuals or organizations who are authorized to receive payments or correspondence on behalf of someone else may need to utilize an alternate payee address.
02
This could include legal representatives, financial agents, guardians, trustees, or any other designated authority responsible for managing the affairs of another person or entity.
03
Common scenarios requiring an alternate payee address may involve situations where a person or organization is mandated to act as a proxy for someone else, such as in the case of power of attorney, trustee relationships, or court-appointed representatives.
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Using alternate payee address allows a third party to receive payments on behalf of the original payee.
Any individual or entity who wants payments to be sent to a different address than their own.
To fill out using alternate payee address, you must provide the necessary information of the alternate payee and indicate the reason for the change in address.
The purpose of using alternate payee address is to ensure that payments reach the intended recipient if the original payee is unavailable or unable to receive payments.
The information that must be reported on using alternate payee address includes the name and address of the alternate payee, as well as the reason for using their address.
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